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Showing 101 - 110 of 342 results for "official cash rate"

Chief economist update: Same challenges, differing reactions

BENJAMIN ONG  |  THURSDAY, 9 MAY 2019
... printed statement, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr verbally delivered the news that: "The Official Cash Rate (OCR) has been reduced to 1.5%." "The Monetary Policy Committee decided a lower OCR is necessary to support the outlook ...

Chief economist update: RBA refused to blink in May

BENJAMIN ONG  |  WEDNESDAY, 8 MAY 2019
... would leading up to its May Board meeting, the Reserve Bank of Australia (RBA) didn't only NOT cut the official cash rate - it kept it unchanged at a record low 1.5% - it also maintained its policy bias at NEUTRAL. We're not so surprised. Financial ...

Chief economist update: Lock in two RBA rate cuts

BENJAMIN ONG  |  FRIDAY, 26 APR 2019
... lane shows that the country's inflation measures were virtually at these levels when the RBA last cut the official cash rate (from 1.75% to 1.50%) in August 2016. The June quarter CPI figures (available pre-RBA 2016 rate cut) were: headline at 1% ...

Chief economist update: AUD misdirection

BENJAMIN ONG  |  MONDAY, 15 APR 2019
... differentials don't explain this. Short-term interest rates remain as they were at the end of 2018 - the RBA's official cash rate is 1.5% and the Fed funds rate at 2.25%-2.5%. The status quo is also preserved with regards to interest expectations. ...

Chief economist update: Cash rate should be 1%

BENJAMIN ONG  |  THURSDAY, 7 MAR 2019
The Australian economy has slowed - big time. The Australian Bureau of Statistics' (ABS) National Accounts report showed that GDP grew by a mere 0.2% in the December 2018 quarter from 0.3% in the previous three-month period, taking the annual growth ...

Chief economist update: A capitalist in communist clothes

BENJAMIN ONG  |  WEDNESDAY, 6 MAR 2019
... (RBA) did nothing to monetary policy after the conclusion of its second board meeting this year. It kept the official cash rate at a record low, predicated on the same rationale it put forth at its February 2019 meeting. The RBA's move is understandable ...

Chief economist update: How would you vote if seated on the RBA board?

BENJAMIN ONG  |  TUESDAY, 5 MAR 2019
... expect the RBA to do nothing this month but expectations further out have changed from steady to a cut in the official cash rate, with the Australian central bank itself just recently changing its policy bias from tightening to neutral. Note, Westpac ...

Chief economist update: Unchanged RBNZ stance would force it to change stance

BENJAMIN ONG  |  THURSDAY, 14 FEB 2019
... behind the Reserve Bank of New Zealand's (RBNZ) decision - as explained by Governor Adrian Orr - to keep the official cash rate unchanged at 1.75% after its February 13 monetary policy deliberations. That's A-OK. Financial markets were expecting ...

Chief economist update: RBA still in denial

BENJAMIN ONG  |  WEDNESDAY, 6 FEB 2019
... statement, explaining the rationale behind the Australian central bank's record 30th month to keep the official cash rate unchanged at a record low 1.5% after the conclusion of its first board meeting for 2019. While Lowe acknowledged that "the central ...

Chief economist update: Time for an RBA shift to neutral

BENJAMIN ONG  |  MONDAY, 4 FEB 2019
... first monthly monetary policy meeting for 2019 tomorrow. Market expectations and odds are they'll keep the official cash rate unchanged at a record low 1.5%. And they will! The $64 million question is what the RBA will do next. According to Westpac ...